LONDON, Nov 1 (Reuters) - European shares edged up on Monday with enthusiasm over strong manufacturing growth just offsetting nerves ahead of a U.S. Federal Reserve meeting this week which is likely to outline the bank's monetary easing plans.
Earlier the market had received a boost from data showing unexpectedly strong growth in the U.S. manufacturing sector, as well as upbeat manufacturing growth in China and India.
The pan-European FTSEurofirst 300 index of top shares provisionally closed 0.1 percent higher at 1,087.64 points -- a near one-week closing high -- but pared gains from earlier in the session when it hit a high of 1,094.74 points.
"These PMIs suggest that there's a bit of a momentum pickup. Although the numbers were good, I still think there is a strong sense that the Fed is going to go ahead with QE anyway," said Mike Lenhoff, chief strategist at Brewin Dolphin.
Mining shares rallied, with the STOXX Europe 600 basic resources index up 1.2 percent, after metals prices were boosted by the upbeat manufacturing numbers and as the dollar was pressured by expectations that the Fed will embark on more quantitative easing measures this week.
Banks, a barometer of investors' risk appetite, slipped as concerns persisted on how aggressive the Fed will be on quantitative easing, with Societe Generale, BNP Paribas and Deutsche Bank down 0.7 to 1.1 percent. (Reporting by Harpreet Bhal)